California may allow campaigners to accept digital currency donations - page 2.

ZoomhashLLC

newbie

Activity: 70

Merit: 0

It is definitely something that needs to be allowed for campaigners.

Money is money, value is value, am I right? Cheesy

Austin Petersen, a US Senate candidate was forced to return a $130,000 Bitcoin donation he received during his campaign due to federal regulations for campaign contributions.

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Notably, this wasn’t the first time that Petersen has been forced to return a large bitcoin donation. He told CCN that his campaign has twice been forced to refuse donations of approximately $250,000 for exceeding the FEC limit on individual campaign contributions.

Source: https://www.ccn.com/crypto-loving-us-senate-candidate-forced-to-return-130000-bitcoin-donation/

quandrel

newbie

Activity: 56

Merit: 0

we need to understand: there are still problems that need to be solved. and while we are waiting for good news nothing happens. These things are serious. and it has to be resolved absolutely.

glaccief

newbie

Activity: 53

Merit: 0

This is a great news. If crypto are used in everyday needs and are given the chance to be explored, it will be a great thing for the coin's growth. It will be even better if other countries took note of this too and would adapt to this as well.

VogueaNON

newbie

Activity: 99

Merit: 0

Though the agreement has not conformed yet but if it gets happen then it will be great for the crypto currency market. Crypto currency has the potentiality to rule the world by taking the place of fiat money or real dollars. Countries should allow the crypto currencies for use.

Vengeance007

newbie

Activity: 228

Merit: 0

This would be a great news if California Fair Political Practice Committee allows crypto currencies as a medium of donations. Every country should give clearance regarding the use of crypto currency and allow people to get rid of carrying fiat money.

Sionsak

newbie

Activity: 210

Merit: 0

This would be really great to the crypto currency market. If the countries allow crypto currencies as a source of transaction then the inflations and other hazards created by fiat currencies will be reduced. The decision to take crypto currencies as donations is not finalized yet but we hope that this agreement gets happen.

Brequir

newbie

Activity: 53

Merit: 0

I think it’s a amazing move. Because government and normal people understand the importance of digital currency. Many company and general people already use it so they have approve this camping.

tot-o

newbie

Activity: 210

Merit: 0

It is one of the thousand sign that something is really is happening around like little by little people and association is accepting crypto... And by donation other wills know about it.

BarnabyETH

newbie

Activity: 79

Merit: 0

I think they definitely approve it because now everyone understand the importance of bitcoin. Blockchain technology will dominant everything in coming future. It’s the safest medium of transaction so it should be approve.

chidrawarster

full member

Activity: 406

Merit: 100

This would be a great move !!! I hope many more countries move forward in that direction and make digital currencies more viable in the future to avoid any fiat currency deficit.I also support this cause by telling that crypto space has to be given some relaxation to explore more viabilities and its usage in the daily needs. Blockchain technology will be no doubt used in every domain the in the coming future, thats all i can say.

anitalxy

newbie

Activity: 28

Merit: 0

According to coindesk, the California Fair Political Practice Committee met on Thursday to discuss whether the campaign can accept digital currency donations.In opposition, committee member Nicolas Heidorn suggested allowing campaigners to accept digital currency contributions after further research on digital currency.The Committee does not agree with this recommendation.
Among the members who support cryptocurrency, Allison Hayward is the most prominent.She opposed a total ban on digital currency, and she said she particularly hated to ban digital currency from becoming a campaign fund before she did not investigate it, and she believed that blockchain technology would eventually become a powerful tool in trading behavior.
Both Brian Hatch and Frank Cardenas believe that digital currency should not be completely banned, but if this proposal is accepted, the ensuing fraud becomes the biggest problem. The committee did not reach a final conclusion and will continue discussions next month.

Topic: California may allow campaigners to accept digital currency donations - page 2. (Read 300 times)